This year, the global losses from cryptocurrency hacking attacks reached $3.4 billion (approximately 5.2248 trillion Korean won), setting the highest level since 2022. According to a report released by Chainalysis on Thursday, such losses primarily stem from oversized hacking attacks targeting large exchanges and individual wallets.
The report states that approximately 69% of all losses occurring in 2025 are due to just three hacking attacks. The largest incident was a $1.4 billion hack (approximately 2.1071 trillion Korean won) suffered by the cryptocurrency exchange Bybit, accounting for a significant portion of the total losses. Chainalysis analysis suggests that the scale of these large attacks is thousands of times greater than that of ordinary hacking incidents.
Andrew Feldman, the national security intelligence head at Chainalysis, explained in an interview with the security media CoinTelegraph that the surge in losses can be attributed to such "mega attacks" that occur only a few times a year. However, he added: "It is currently difficult to predict whether the same situation will repeat in 2026."
This year, cybercriminals focused their attacks on large centralized platforms capable of stealing significant amounts of user funds in one go. This exposes that blockchain security still faces significant threats. In particular, the methods attackers use to steal digital assets worth billions of Korean won in a short period and evade tracking are becoming increasingly complex.
Industry experts point out that enhancing the security of large platforms has become more urgent. Although complete security may not be achievable due to the decentralized nature of the cryptocurrency ecosystem, there is a consensus in the industry that efforts must be made to minimize the pathways for attackers to access the system.
This report is sounding the alarm for investors and the industry. Given that most of the year's losses are concentrated in a few hacker attack incidents, it is necessary to closely monitor changes in hacker targets and tactics in the future.
Article summary by TokenPost.ai
🔎 Market interpretation
In 2025, losses from cryptocurrency hacker attacks surged to $3.4 billion, indicating that the security and risk control systems at the level of traditional financial institutions are still insufficient in some large exchanges. Major hacking cases, including Bybit, may lead to decreased investor confidence and asset outflows.
💡 Key strategy points
- When using centralized exchanges, confirm their security level and insurance coverage
- Long-term asset holders may consider using hardware wallets and other offline wallets for safekeeping
- To prevent a recurrence of losses from hacker attacks, attention can be paid to open-source security projects or investments related to auditing tools
📘 Terminology explanation
- Chainalysis: A blockchain data analysis company that provides cryptocurrency tracking and anti-money laundering solutions
- CEX: Centralized Exchange, centralized cryptocurrency exchange
- Hardware wallet: A cryptocurrency wallet that exists in physical device form and is disconnected from the internet
TP AI Notes
This article is summarized using a language model based on TokenPost.ai. The main content of the body may be omitted or differ from the facts.